Overview
- Shares are scheduled to debut on the BSE and NSE on October 24.
- The latest grey market premium stands at Rs 103 over the Rs 1,065 upper band, implying roughly a 9.7% potential uplift, though this is unofficial and may change.
- Refunds and demat credits are expected by October 23 following the completed allotment.
- The IPO drew heavy demand, with overall subscription at 92.36x, including 146.99x by QIBs, 176.57x by NIIs, and 25.52x by retail investors.
- The Rs 451 crore offer combined a Rs 250 crore fresh issue and a Rs 201 crore OFS, with proceeds earmarked for quartz plant expansion, capex such as electric dump trucks and solar integration, and partial debt repayment.